Price was congested 12/9 - 12/18 before dropping down to find more demand. A push into daily supply was a bull trap (mislabed, duuhhhhh) as price quickly broke down, attempting to retake the bull trap level but failing to push higher. Price engulfed that area of congestion to the south in the ensuing sell ...

Descending triangle, a continuation pattern, seems to be forming.
This matches with my count that we're currently building a 4th wave as triangles occur in 4, B, and X waves. This would lead to wave v of wave 5 from our high in April.

The EU move on Thurs/Fri seems like yet more of the same as we've seen over the last month. News pushes price up hard and fast before the weekend only for it to fall to new lows the Sun/Mon after. Here's why I think this time will be different.
1) This up move has gone FAR beyond the usual 1.618 extensions the ...

This is just a fun little exercise as I don't really do such long term forecasting, but today was a slow market day.
It seems apparent EU is in a symmetrical triangle. Based on the prior up movement of 2002 through mid-2009 being an ABC correctional move (A = C when you account for the irregular b wave in the ...

EU likely has bottomed out in the near term. Wave blue 'C' equals wave blue 'A' which completes a few zigzags. Also the IH&S pattern is further confirmation that the downtrend is exhausted. This occurred at the 50% retrace of the July 2012 low to Feb 2013 high for further support to the end of the downtrend.
EU ...